35 Main Street

Nestled in the heart of Kirkland Lake, this exceptional Multi-Family Home for sale in Kirkland Lake presents a remarkable opportunity for astute real estate investors. Located at 35 Main Street, Kirkland Lake, this well-maintained duplex is fully tenanted, ensuring a steady income stream. The property boasts a prime location in the KL & Area community, making it an attractive prospect for those looking to invest in the Timiskaming region.

The building, a two-storey multiplex with a charming exterior of vinyl siding, features a generous lot measuring 40 X 100 feet. The property is designed to accommodate two separate units, each offering two spacious bedrooms, a full kitchen, a comfortable living room, and a bathroom. Each unit benefits from its own separate entrance, providing privacy and convenience for tenants. With a total of eight rooms across the duplex, this Multi-Family Home for sale in Kirkland Lake is ideal for families or individuals seeking a welcoming living environment.

One of the notable aspects of this property is the absence of a den, which allows for more spacious living areas within each unit. The two kitchens are fully equipped, enabling tenants to enjoy the convenience of home cooking. Although there is no central vacuum system or air conditioning, the property is heated by a reliable forced air system, ensuring warmth during the colder months. The laundry facilities are conveniently located in the full basement, which features exposed rock, providing ample storage space for tenants.

Parking is never a concern at this Multi-Family Home for sale in Kirkland Lake, as there is a detached garage that can accommodate two vehicles, along with additional parking space for up to three vehicles in the driveway. The partially fenced yard adds an element of privacy and security, making it an appealing outdoor space for tenants to enjoy.

Despite the absence of a pool and fireplace, the property offers modern amenities, including internet access, which is increasingly important for today’s tenants. The gross yearly income generated from this property is an impressive £33,600, making it a positive cash-flowing investment. With property management already in place, the new owner can enjoy a hassle-free investment experience.

The age of the building, which ranges from 51 to 99 years, adds character and charm to the property. Its location at 35 Main Street, Kirkland Lake, places it within easy reach of local amenities and services, further enhancing its appeal to potential tenants. The community of KL & Area is known for its welcoming atmosphere and vibrant local culture, making this Multi-Family Home for sale in Kirkland Lake an attractive option for those looking to invest in a thriving community.

In summary, this well-maintained duplex at 35 Main Street, Kirkland Lake, is an outstanding investment opportunity for anyone seeking a Multi-Family Home for sale in Kirkland Lake. With two fully tenanted units, each featuring two bedrooms, a full kitchen, and a bathroom, this property is designed to meet the needs of today’s tenants. The detached garage, ample parking, and convenient location only add to the allure of this investment. Whether you are an experienced investor or new to the property market, this Multi-Family Home for sale in Kirkland Lake is not to be missed. Take advantage of this opportunity to secure a positive cash-flowing property in the beautiful Timiskaming area.

KL & Area, nestled within the charming city of Kirkland Lake, is a vibrant geographic entity that offers a unique blend of natural beauty and small-town charm. Surrounded by lush forests and sparkling lakes, this area is a haven for outdoor enthusiasts, with ample opportunities for hiking, fishing, and winter sports. The community is characterised by its friendly atmosphere, where residents enjoy a strong sense of belonging and connection to the land. With a rich history rooted in mining, KL & Area also boasts a variety of local amenities, including shops, restaurants, and cultural attractions, making it an inviting place for families and individuals alike. Whether you’re seeking adventure or a tranquil lifestyle, KL & Area provides a welcoming environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find the Federal Public School, situated just 1.8 km away, offering grades from Junior Kindergarten to Grade 6, and operating under the District School Board Ontario North East. Additionally, the Kirkland Lake District Composite School is only 1.6 km from the property, providing education for students in grades 7 to 12. For families seeking a French-language education, Central Public School is just 1.0 km away, also catering to students from Junior Kindergarten to Grade 6. All schools in the vicinity are public and follow the English or French language of study, ensuring a diverse educational environment. Although the school ratings are currently not specified, the proximity to these institutions adds significant value for potential buyers with children, offering convenient access to quality education within a short commute. Overall, this property is well-positioned for families prioritizing education and community engagement.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 571 residents, with an average household size of 1.6 individuals. The demographic profile indicates a mature community, with an average age of 44.5 years. The average household income stands at $67,600, although a significant portion, 30.6%, is classified as low-income. Housing prices are relatively affordable, with an average price of $136,000. The area has a high percentage of single individuals, accounting for 67.33% of the population, while households with children represent 21.74%. Renters dominate the housing landscape, making up 61.54% of residents, and there are no condominiums available in the area. Educational attainment is notable, with 51.11% of the population holding a college or university degree. However, a substantial 41.11% of residents are not in the labor force, which may reflect various socio-economic factors. Additionally, immigrants constitute 4.81% of the population, contributing to the area's diversity. Overall, this community presents a unique blend of affordability, educational achievement, and demographic characteristics that may appeal to potential buyers or investors.